Scott Cooley
Scott Cooley
Scott Cooleywas an Old West Texas Ranger and later outlaw, best known for his association with gunman Johnny Ringo...
bet bets biggest care chase exposure fine health lesson major market means year
It's fine to make a bet on a sector, but you should know what bets you're making. The biggest lesson this year is diversification. What that means right now is to have exposure to a lot of major market sectors and not just chase health care because it did well.
caps general jump moves people prices share trading
In general micro caps are riskier because their share prices jump around more because not as many people are trading them so moves can be more dramatic.
actively funds mix
Indexing is a long-term strategy. It still makes sense to have a mix of index funds and actively managed funds.
actively beat funds given percent
In any given market, index funds should beat 60 percent of actively managed funds, not 90 percent like it's been.
eaten
They just don't make sense for (small investors). They'll get eaten up by the commissions.
against best circumstance fast growing hard tide turns
Once the tide turns against you, it's tough. It's hard to keep growing that fast under the best of circumstances.
funds percent run stock time
Any time you let a stock run up to 40 percent of your portfolio, you have to have a lot of convictions. There aren't a lot of funds like this.
There is something to be said for having well-informed shareholders.
difference returns subtle
Those subtle differences (in returns of index funds) make a big difference over the long term.
At the boutique firms, it's a way to get recognized.
dedicated fantastic people record
Probably most people don't know who he (Weitz) is, but he has a fantastic record and a dedicated following.
confidence happened month past
My confidence in them would not be shaken by what's happened over the past month or so.
chasing flows growth investors nearly perception performance poorly problem reality seen start stocks strong technology throughout vice wonder
Nearly everything that had done well in 1999 has done poorly this year, and vice versa. I think the problem is perception lags reality with investors. Throughout this year, we've seen strong flows into technology and growth funds, and the stocks haven't done well. You wonder when investors will start chasing performance and go to value.
great
You can't look at any one of those and say they're having a great year.